Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. (STM), dated April 29, 2019, discloses the status of the company's common share repurchase program. The report covers transactions executed between April 23, 2019, and April 26, 2019, on the Euronext Paris regulated market.
Key Financial Metrics
The filing focuses on capital allocation activities rather than operational financial performance for the current period. Key metrics include:
- Shares Repurchased: 335,037 ordinary shares (0.04% of issued share capital).
- Total Cost: EUR 5,471,970.38.
- Weighted Average Price: EUR 16.3325 per share.
- Treasury Shares Held: 18,041,681 shares post-transaction (approximately 2.0% of issued share capital).
- Prior Year Revenue: The filing notes 2018 net revenues were $9.66 billion.
Current period revenue, profit, cash flow, margins, debt, and liquidity figures are not provided in this specific filing.
Material Changes
The primary material change reported is the reduction of outstanding shares through the buyback program. The company increased its treasury share holdings to 18,041,681 shares following the transactions in late April 2019. No material changes to operational performance or financial position are detailed in this document.
Guidance, Outlook, and Risks
This filing does not contain updated financial guidance, management commentary on future outlook, or specific risk factors. It serves strictly as a regulatory disclosure of share transactions in compliance with the Market Abuse Regulation (EU) 596/2014. The company refers investors to its website for a full breakdown of individual trades.
Investor Verification Checklist
- Verify the total number of treasury shares held (18,041,681) against the company's latest 20-F or annual report.
- Confirm the remaining authorization limit for the share buyback program approved on May 31, 2018.
- Review the detailed trade breakdown on the STMicroelectronics investor relations website as referenced in the filing.
- Check subsequent filings for updates on the buyback program status and any changes in share count.